Fannie Mae (FNMA)

[Release us]

Guido the only beef I have with this is, Mnuchin did say he expects the GSE's to continue paying
but you need to remember the context.

Mnuchin had already in Dec 2016 stated their intentions of getting them out of government control.

One week after he was sworn in, we suffered a terrible loss on 2-21-17 in the Perry lawsuit at the DC court of appeals.
It was a win for Treasury, a suit that now had his name on it instead of Jack Lew.

The share price fell sharply.

DOJ and Treasury had been fighting it long before he got there, but it now carried his name

At the time Timothy Howard said this court loss could push everything back months.

He was in the hot seat before congress, at the time he said it.

What did you want him to say? Maybe he should have taken a different approach.

Also a couple of years later Otting as acting director of FHFA ,once again stated the administrations intentions
in a meeting at FHFA (he was ratted out probably by Sandra) and was met with all kinds of blowback.

No sense of arguing about this, on what should be a day of celebration.